Monday, July 26, 2010

Pleasant Hills, Pennsylvania - Our Net Lease Properties news for today is on a Pennsylvania Arby's. Reports are that Commercial Real Estate agents from the Atlanta office of Marcus & Millichap Real Estate Investment Services have sold an Arby’s location in Pleasant Hills. Pleasant Hills is about 11 miles south of the Pittsburgh, Pennsylvania Commercial Real Estate market.We had noticed a Net Leased Property in the Atlanta area recently and it had an Arby's in it with a Triple Net (NNN) Lease. Apparently it is off the market now.

This Net Lease property with Arby’s, is approximately 3,270 square feet, and sold for $1,265,000. Arby’s is a quick-service restaurant chain that is wholly-owned by the Atlanta-based Wendy’s/Arby’s Group. We are finding more Commercial Real Estate Investors interested in the quick-service restaurant (Fast Food) net lease properties.

This Commercial Real Estate is in close proximity to Century III Mall, with anchor Tenants like Macy’s, JC Penney, Sears, and Dick’s Sporting Goods. Other retailers in this area include a Super Walmart, and a Kohl’s.The Commercial property was signed to a Triple Net Lease (NNN) with approximately 15 years remaining with Arby’s Restaurant Group, as the Tenant. The buyer, from California, was performing a 1031 tax deferred exchange.

Subscribe Now: Feed Icon

Commercial Real Estate Sources

Featured Property For Sale:

Distressed Commercial Properties
Commercial Real Estate over $500,000
Great Deals on Select Florida Distressed Commercial Properties.
Distressed Commercial Real Estate can be obtained at 20% of Original Sales Price.Contact us for Commercial Properties For Sale in Florida.